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, that is next. and jim paulson tells us why he's expecting a 15 to 20% gain for the s&p 500 in 2013. looks like we're going to lose 10.5 on the s&p right at the open. more "squawk on the street," right ahead. p for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male a
outbreak. >> that was the weather channel's jim cantore right there and mike seidel reporting. in a few minutes, we'll have the forecast on where the storm is headed today. that's just ahead in weather. >>> but right now, unfortunately, we turn to politics. as if tax hikes and spending cuts weren't enough, there's a new reminder that the nation's debt ceiling is also hanging over the budget talks in washington. in a letter to congress yesterday, treasury secretary timothy geithner warned the government would hit its legal borrowing limit by monday. without the okay to borrow more, geithner says the treasury will be forced to take "extraordinary measures" to keep paying the bills. so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $25
if both sides can't bridge the divide? tara dowdell, democratic strategist, with former jim mcgreevey and david webb, accident cirrus xm patriot radio. good to see both of you. i want to begin with this. last night on fox news, this is what south carolina senator lindsey graham had to say about this meeting today. he said, quote, anytime you announce a meeting publicly in washington it's usually for political theater purposes. so, tara, is this all show? >> well i agree, obviously there is always some political theater going on in politics. i would say this year's oscar though goes to john boehner for pretending toe be nexting in good faith. throughout this whole process he has been the primary person pointing fingers and the democrats offered several different, several different opportunities for the speaker to come to the table, compromise opportunities. most recently even agreeing to seen less tax revenue as part of the deal. so i think that the issue here is that it is going to be very difficult for the republicans to come behind a compromise plan which has tax increases an
. people watching closely remember mitt romney and jim messina tweeting condolences and the obama campaign shut down for the day when alex died. what was meaningful was it's unfathomable. he was of the age that swept obama into power. not politically silent, but somewhat motionless and actually came out in full force and helped create this identity and they were as much a part of it that they supported and it just seems profoundly unfair that he didn't make it to see at least the end of the 2012 election cycle. >> talk about the process of how newtown changed the complexion's content of the list. >> we added essentially a second cover to this issue. we use that to acknowledge the victims of newtown. to point out that this is a celebration of life. there is no way to express the horror and the that occurred in that tragedy. our decision to acknowledge newtown in a context that we gave it was simply the only meaning we can scribe to at this moment. we have meaning for decades and decades beyond that. this may impact obama's term, we don't know yet. we have to do it in the best way we could a
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